Economic Policy council forwards draft on bank recapitalisation

2 November 2015
77 Views

The Economic Policy Government Council approved the draft act of law that sets out the process of banks’ recapitalisation, at a meeting late on Sunday.
The act will be forwarded to the cabinet and issued by today (Monday), according to an announcement by the office of the government vice president.

The draft outlines the options related to the role of the Hellenic Financial Stability Fund in the capital injection (depending on whether there is private participation or not) and in terms of the Greek state’s preference shares.

Following this announcement, the government called on the management of all four systemic banks to expend any effort to encourage and secure the participation of domestic investors during the process of recapitalisation.

You may be interested

Greece & Australia both tangled in mining investment conundrums
GREECE
shares90 views
GREECE
shares90 views

Greece & Australia both tangled in mining investment conundrums

makis - Sep 22, 2017

An interesting article from Australia about mining activities there and the similarities with our case: Every time I read an…

The Albanian “velvet ethnic cleansing” of the Greeks of Northern Epirus at the OSCE
WORLD
shares84 views
WORLD
shares84 views

The Albanian “velvet ethnic cleansing” of the Greeks of Northern Epirus at the OSCE

makis - Sep 22, 2017

The “National Association of Northern Epirus 1914” participated for the third consecutive year at the Annual Conference of the Office…

Dimitris Giannakopoulos for PAO: I cannot do anything else for club
GREECE
shares84 views
GREECE
shares84 views

Dimitris Giannakopoulos for PAO: I cannot do anything else for club

makis - Sep 22, 2017

The fate of the football club of Panathinaikos is hanging in the balance, after major shareholder of the basketball team…

Leave a Comment

Your email address will not be published.